Thank you, Mr. Chairman. The debt principal and interest payments are related to the debt that the corporation has borrowed, back from 1974, from Canada Mortgage and Housing Corporation and it’s declining. It declines at the same pace that the agreements expire and the O and M money falls off the table to run public housing. At the end of this upcoming fiscal year, we will be down to $47.7 million at the debt level at that point. Of the payments that we make of $6.6 million, over $5 million is funded by Canada Mortgage and Housing Corporation and the NWT portion is $1.4 million. Thank you.
Mr. Anderson on Committee Motion 5-17(4): Deferral Of Department Summary For The Department Of Industry, Tourism And Investment, Carried
In the Legislative Assembly on February 20th, 2013. See this statement in context.
Committee Motion 5-17(4): Deferral Of Department Summary For The Department Of Industry, Tourism And Investment, Carried
Consideration in Committee of the Whole of Bills and Other Matters
February 19th, 2013
Anderson
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